Through December 31, 2020, New York business corporations and New York Not for Profit corporations may hold virtual annual or special shareholder and member meetings through electronic means. Recognizing Governor Andrew...more
Recently, the U.S. District Court in the Southern District of New York held in Kirschner v. J.P. Morgan that a syndicated term loan was not a “security” under several state securities (or Blue Sky) laws. While the ruling did...more
This month, the Federal Trade Commission issued a plain English guide “Disclosures 101 for Social Media Influencers” (the “2019 Guide”). The 2019 Guide is a clear and unambiguous warning to social media influencers that they,...more
The International Chamber of Commerce (the “ICC”) has issued INCOTERMS® 2020 (short for International Commercial Terms) to be effective January 1, 2020. INCOTERMS 2020 provides an updated template and standardized set of...more
On August 26, 2019, New York Governor Andrew Cuomo signed into law a significant change affecting New York’s blue sky law (the Martin Act), extending the period during which the Attorney General of New York can take action...more
It is common for investors in venture capital and private equity transactions, and in other investment arrangements, as a condition to their investment, to have rights to appoint board observers when director representation...more
On January 13, 2016, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued two temporary Geographic Targeting Orders (the Orders) that will require title insurance companies to identify...more